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PKE Purchase Agreement
PKE Purchase Agreement
Number : ________________
Date : ________________
It has been mutually agreed to sell and buy goods under the following terms and conditions :
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Other conditions : ● Risk of the material transferred to the buyer after the cargo loaded at port of loading &
ownership of the material is transferred after full payment of sale valueby the buyer.
● Any delay in shipment due to shut down of vessel or due to delay in their normal
schedule, buyer to provide necessary extension of shipment but the same should not
exceed more than 7 days.
● The terms and conditions of this contract have been discussed and agreed between seller
& buyer verbally and the same will be final.
● The seller has responsibility in ensuring that all payment information is correct and that
all changes must contain a specific confirmation signed by the seller.
● The seller will provide 7 days of combined detention and demurrage after vessel arrive
on destination port.
Force major : If on account of hostiles, war blockade, revolution, insurrection, mobilization, strikes,
lockout, riot and/or other non-delivery by government authorities in the country of origin
preventing the fulfilment of this contract in whole or part, the sellers shall form in writing to
the buyers the causes of such failure within 7 days from the beginning therefore and shall not
be liable for performance as the case may be prevailing of such circumstances shall be
authenticated by the concerned authorities in the respective countries.
This Contract is signed via fax/email and come into effect immediately.
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